#United States #Cedar Park #Great Lakes Capital #Nebraska Furniture Mart

Major Marriott Hotel Development in Cedar Park

Indiana's Great Lakes Capital (GLC) is striking bold territory as it joins forces with Nebraska Furniture Mart (NFM) and the City of Cedar Park to announce a 300-room full-service Marriott hotel and convention center. Positioned at the heart of CedarView, a state-of-the-art mixed-use development, this ambitious project is set to redefine hospitality in the region.

Project Highlights

The new hotel aims to deliver luxury and convenience under one roof. It will feature:

• - Approximately 300 guest rooms to accommodate both business and leisure travelers.
• - A spacious 30,000-square-foot event and meeting space, making it a premier venue for conferences and gatherings.
• - A full-service restaurant and a breakfast café to cater to diverse culinary tastes.
• - An expansive pool area designed for relaxation and enjoyment.

The design of the hotel emphasizes luxurious amenities paired with thoughtfully crafted spaces, making it a focal point of the CedarView development and a sought-after destination for visitors to Cedar Park.

Ryan Rans, Managing Partner at GLC, emphasized the project’s significance: "The development of this hotel and convention center in CedarView underscores our commitment to creating vibrant, connected communities that elevate the standard of hospitality. We are thrilled to partner with NFM and the City of Cedar Park."

Economic Impact and Future Prospects

This hotel development not only facilitates an impeccable lodging experience but also holds promise as a critical business resource for Cedar Park and the greater Austin area. Ryan Blumkin, Executive Vice President of NFM, stated, "This hotel and event space will offer a critical resource for Cedar Park and the greater Austin area. We are excited to collaborate with GLC and the City of Cedar Park to create a destination that blends convenience, sophistication, and community."

As an anchor to the CedarView development, the hotel is expected to spark further economic activity, providing a significant boost to local commerce and tourism. Brenda Eivens, City Manager of Cedar Park, noted, "We are excited to see the realization of a long-standing strategic goal—a full-service hotel and convention center that will serve our community and attract visitors."

Timeline and Expectations

Construction is scheduled to commence in May 2025, with an anticipated opening in the first quarter of 2027. The development is viewed as a catalyst for further growth in Cedar Park, serving as a premier venue for not only corporate events but also everyday leisure activities.

About Great Lakes Capital

Great Lakes Capital is a prominent real estate development and private equity firm committed to adding value through innovative developments across various asset classes. With over $1 billion in assets under management, GLC has established itself as a market leader in mixed-use, multifamily, hospitality, industrial, and medical office spaces among others.

About Nebraska Furniture Mart

Founded in 1937, Nebraska Furniture Mart is one of the nation’s largest home furnishings retailers, offering a comprehensive selection of furniture, flooring, appliances, and electronics. Acquired by Warren Buffett in 1983, NFM now boasts multiple locations across the Midwest and plans to expand into Cedar Park.

With the collaborative efforts of Great Lakes Capital, Nebraska Furniture Mart, and the City of Cedar Park, this new project promises to transform the landscape of Cedar Park, positioning it firmly on the map for economic growth and tourism. This ambitious undertaking not only enhances the local hospitality sector but stands as a testament to the possibilities intertwining commerce and community can yield.